Mumbai Port container throughput down 18.5 percent to 10,357 TEUs in April-May

Container throughput in India’s Port of Mumbai fell 18.5 percent year-over-year in the first two months of fiscal 2011-12, the port authority said on Wednesday, Journal of Commerce reports. Mumbai’s container facilities handled 10,357 20-foot equivalent units during April to May, down from 12,288 TEUs in the same period a year ago.


Volume in May declined to 5,022 TEUs from 6,439 TEUs in the same month last year.


The decline in container movements in the April to May period followed a 26 percent increase in volume during the previous fiscal year that ended March 31, 2011.


The west coast port’s total cargo tonnage during April-May dropped 3 percent to 9.27 million tons from 9.57 million tons a year earlier.


Tonnage in May was estimated at 4.52 million tons compared with 4.85 million tons in the year-ago month.


Mumbai, one of India’s oldest ports, is currently building a new offshore container terminal through private participation. Expected to be ready in 2011-12, the $300-million project will offer an annual capacity of 800,000 TEUs in the initial phase.
(Source:http://en.portnews.ru)